1 W Richmond Ave, Richmond, CA 94801

Richmond
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1 W Richmond Ave,Richmond, CA 94801
$2,990,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: john l. morra, mark caloca
Office: century 21 masters510-257-4441
MLS#:41140282
Source:CRMLS

Price summary

  • Price:$2,990,000

About this home

nstitutional-grade, core-plus mixed-use acquisition opportunity in the high-barrier-to-entry submarket of Point Richmond. The historic J.G. Gerlach Building presents a stabilized asset with a robust recurring revenue profile, offering immediate cash-on-cash returns paired with significant pro-forma rental upside. The asset features a diversified revenue stream comprised of 38 residential Single Room Occupancy units generating stable, non-cyclical cash flows due to historically low structural vacancy, anchored by two fully leased ground-floor commercial retail suites (established hair and nail salons) under stable, recurring commercial lease agreements. A comprehensive capital expenditures underwriting benefit includes a recently replaced brand-new roof and a fully modernized, updated electrical distribution system, drastically mitigating near-term operational risk, reducing deferred maintenance reserves, and optimizing future Net Operating Income. Backed by a recent independent...

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Home facts

  • Year built:1914
  • Subdivision & Development:POINT RICHMOND
  • Listing ID #:41140282
  • Added:55 day(s) ago
  • Updated:August 27, 2026 at 01:24 PM

Structure and exterior

  • Year built:1914
  • Lot area:0.08 Acres
  • Lot Features:Street Level

Finances and disclosures

  • Price:$2,990,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 27, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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